Tentative West Coast dockworkers contract reached
Negotiators from the International Longshore and Warehouse Union and shipping firms reached a tentative five year deal covering 29 West Coast ports from San Diego to Seattle, a step aimed at ending a nine month dispute disrupting about one quarter of US trade. The rank and file must approve the agreement, which follows prior efforts to restart full port operations and address congestion blamed on both sides.
MENTIONED IN THIS ARTICLE
Los Angeles
International
San Diego
Seattle
Asia
Thomas Perez
Maritime Association
James McKenna
Bob McEllrath
Wal-Mart raises could lift lower wage jobs across economy
Wal-Mart will raise its minimum pay to 9 dollars per hour starting April and 10 dollars by February 2016, affecting about 500000 of its 1.3 million employees. The move, echoed by Target gaps and Ikea, may push other retailers and fast food chains to increase wages, amid a national debate on the minimum wage and union pressure from OUR Walmart.
MENTIONED IN THIS ARTICLE
Washington
Wal-Mart
Wal- Mart
Claire McKenna
National Employment Law Project
Josh Bivens
Liberal Economic Policy Institute
Bivens
Ikea
U.S
Aetna
Sylvia Allegretto
University of California, Berkeley
Allegretto
Washington State
Idaho
McDonald's
Wendy's
Burger King
McDonald’s
National Labor Relations Board
NLRB
Kathryn Slater-Carter
San Francisco
Slater- Carter
Slater-Carter
Califor
Florida
New York
Paul Osterman
MIT
Walmart
Osterman
Greece Reaches Agreement Over Budget With Euro Partners
Varoufakis calls it a victory as Greece convinces creditors to reduce surplus targets and avoid cuts to pensions while not harming budget targets or financial stability. Dijsselbloem calls it a first step to rebuild trust and get Greece back on track.
MENTIONED IN THIS ARTICLE
Greece
Eurogroup
Dijsselbloem
Euro
Varoufakis
Takata Faces US Action Over Defective Air Bags and Recall
NHTSA threatens depositions and potential court action against Takata over defective inflators. Takata disputes claims of noncooperation, notes increased production of replacement parts and ongoing recalls. The agency seeks higher fines and new authority to halt sales of cars with recalls amid broader transportation bill proposals.
MENTIONED IN THIS ARTICLE
Nhtsas
Takata
US S. Justice Department
NHTSA
Triple Nhtsas
FTC files complaint over anti insect wrist bands
The Federal Trade Commission filed a complaint against Viatek Consumer Products Group and president Lou Lentine alleging no reliable scientific evidence supports claims that the Bugband10 repels mosquitoes and pests for up to five days. The bands, marketed online and on retailers like Amazon and Wal Mart, are said to contain mint oil and create a vapor barrier. Viatek, based in Chattanooga, Tenn., sells pest control devices and home goods.
MENTIONED IN THIS ARTICLE
Associated Press
New York
The
Federal Trade Commission
Viatek
FTC
Amazon
Wal-Mart
FIC
Viatek Consumer Products Group
Lou Lentine
Lentine
Chattanooga
Tenn
Securitization revenue declines hit major banks in 2014
A 2014 survey shows securitization revenue and fixed income earnings fell sharply from 2009 peaks. Revenue dropped 7 percent to 69.4 billion while securitization revenue halved since 2009 from 31.2 billion to 15.6 billion. Fixed income staffing declined from 23 500 in 2009 to 17 500 in 2014 across banks including Merrill Lynch Citigroup Credit Suisse Deutsche Bank Goldman Sachs JPMorgan UBS Barclays and RBS. Overall 2014 investment banking revenue slid 6 percent to 150 billion, down more than 32 percent from 2009 levels of 223.1 billion.
MENTIONED IN THIS ARTICLE
Bank of America Corp
Merrill Lynch
Barclays PLC
Citigroup Inc
Credit Suisse Group AG
Deutsche Bank AG
Goldman Sachs Group Inc
JP Morgan Chase & Co
Royal Bank of Scotland Group PLC
UBS AG
Wisconsin right to work push recalls past Walker era
The article notes Wisconsin debate over right to work and Governor Walker’s 2011 collective bargaining clash. It cites 2014 union density 11.7 percent and 2013 12.3 percent, with Fitzgerald pressing to force a vote and critics arguing it would end unions and hurt families.
MENTIONED IN THIS ARTICLE
Indiana
Michigan
Wisconsin
U.S. Bureau of Labor Statistics
Fitzgerald
Walker
Laurel Patrick
Spok
Patrick
Stephanie Bloomingdale
Oasin Afl-Cio
U.S
Also Mentioned on This Page
Christopher S. Rugaber
and Candice Choi
Kris Varrette
Las Vegas
Sateen
Kelley Blue Book
Karl Brauer
Foxx
GLASS
Omobi
Oie
Eres
Rae Re Reed
Leavitt Road
Amherst
Drug Mart
Nuzzi.com
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